Cantor Fitzgerald has entered an agreement to distribute US Treasury data to Reuters screens worldwide.
The data, which includes live, real-time prices for US Treasury benchmark and off-the-run issues, is available beginning today as an optional service for Reuters subscribers around the world, initially as a free 30-day trial.
Devin Wenig, president of Reuters investment banking & brokerage services, comments: “For many years, US Treasury prices from the leading interdealer broker, Cantor Fitzgerald, were exclusively available over Telerate. With the addition of this premium source of benchmark data, Reuters now provides a compelling range of fixed income content delivered over superior open-systems platforms.”
Cantor Fitzgerald recently concluded a deal with Bloomberg for treasury pricing data and has been negotiating with MoneyLine Telerate and New York-based ILX Systems, a subsdiary of Thomson. The move to more widespread distribution of its bond pricing data reflects Cantor's desire to maximise its revenue potential following the devastation inflicted on its voice broking business during the World Trade Centre attacks. The company's exclusive agreement with Telerate is understood to have generated a little under $50 million in annual revenues.